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the reason for this was the actions of the United States – UNIAN
The analyst believes that the “shaky ceasefire in the Middle East” is also increasing price pressure.
Oil prices rose about 3 percent after the United States imposed additional sanctions on 35 businesses and vessels it said were part of a “shadow fleet” playing a “critical role” in exporting illicit Iranian oil. The Financial Times writes about this.
Brent crude, the global benchmark, rose 2.8 percent to $73.86 a barrel on Tuesday, while its U.S. counterpart WTI rose 3.1 percent to $70.23 a barrel.
The sanctions are similar to those imposed two months ago in response to an Iranian missile attack on military targets in Israel, the US Treasury Department said in a statement.
It is noted that traders also…
